The bank developed in the course of the 17th century from the trading business of the long-established Linz ship master family Scheibenpogen. Therefore, the bank has been in existence since about 1650. In the 19th century it went to the Eidam (son-in-law) of the former mayor of Linz, Johann Michael Scheibenpogen (II), Josef Planck, and was called J. M. Scheibenpogens Eidam. Josef Planck's 1844 descendants, Planck von Planckburg, transformed the private bank into a public limited company in 1869, the "Bank für Oberösterreich und Salzburg".